ValOre Metals Corp. Updates on Hatchet Uranium Corp.
Vancouver, BC, February 10, 2025 – ValOre Metals Corp. (TSX-V: VO, OTCQB: KQLVF, Frankfurt: KEQ0) (the “Company” or “ValOre”), is pleased to provide an update on the recent developments concerning Hatchet Uranium Corp. (“Hatchet”), in which ValOre currently holds an approximate 51.5% partially diluted ownership interest.
Background on Hatchet Uranium Corp.
Hatchet Uranium Corp. is a uranium exploration company focused on its 100% owned Hatchet Lake Uranium Project located in the Athabasca Basin in northern Saskatchewan, Canada. The project covers over 30,000 hectares and is strategically located near major infrastructure including power lines, highways, and the Cigar Lake and McArthur River uranium mines.
Recent Developments
ValOre has announced that Hatchet has commenced a winter exploration program at the Hatchet Lake Uranium Project. This program includes a helicopter-borne geophysical survey, as well as ground geochemical and geophysical surveys. The objective of this program is to identify new uranium targets and to expand the existing resource base.
Impact on ValOre Metals Corp.
ValOre’s investment in Hatchet Uranium Corp. provides significant potential upside for the Company. The successful discovery of new uranium deposits or the expansion of existing resources could lead to increased value for ValOre’s shareholders. Additionally, with the global uranium market expected to experience a supply deficit in the coming years, the potential for new discoveries in the Athabasca Basin, one of the world’s most prolific uranium regions, is particularly promising.
Impact on the World
The uranium market is expected to experience a significant supply deficit in the coming years due to a combination of factors including the decommissioning of nuclear power plants, limited new mine development, and the impact of COVID-19 on the mining industry. The discovery of new uranium deposits, such as those being explored by Hatchet Uranium Corp., could help to alleviate this supply deficit and ensure the continued operation of nuclear power plants around the world.
Conclusion
ValOre Metals Corp.’s investment in Hatchet Uranium Corp. positions the Company to potentially benefit from the discovery of new uranium deposits or the expansion of existing resources at the Hatchet Lake Uranium Project. With the global uranium market facing a significant supply deficit in the coming years, the potential for new discoveries in the Athabasca Basin is particularly promising. The winter exploration program currently underway at Hatchet Lake is an exciting development for ValOre and the uranium industry as a whole.
- ValOre Metals Corp. holds an approximate 51.5% ownership interest in Hatchet Uranium Corp.
- Hatchet Uranium Corp. is focused on the exploration of the Hatchet Lake Uranium Project in the Athabasca Basin, Saskatchewan, Canada.
- ValOre’s investment in Hatchet provides significant potential upside for the Company due to the global uranium market’s expected supply deficit.
- The successful discovery of new uranium deposits or expansion of existing resources at Hatchet Lake could help alleviate the global uranium supply deficit.
